URCA in 'final touches' on third mobile player review
Regulators are completing the "final touches" to their assessment of whether The Bahamas can sustain a third mobile operator and have submitted their recommendation to the Government for its final decision.
URCA's battery storage review to aid renewables
The Utilities Regulation and Competition Authority (URCA) has launched an informal consultation process over "battery energy storage integration" as it seeks to facilitate greater adoption of renewable energies.
Bank shrugs off $2.8m fee rise to 'beat target by 54%'
Commonwealth Bank yesterday revealed its $19.58m first quarter profits "exceeded expectations by 54 percent" despite having to contend with a more than one-third year-over-year increase in licence fees.
PI Wendy's: Bank restriction expired almost 50 years ago
The only firm restriction governing how the disputed ex-Scotiabank location on Paradise Island can be used expired almost 50 years ago in 1975, Tribune Business can reveal.
Corporate tax 'driven' by revenue demands
The Government's corporate income tax proposal is "driven" by the need to increase revenues and could "be a gateway" to further progressive reforms that ultimately include a personal income tax, a governance reformer said yesterday.
'Anyone who wants diesel able to buy it'
FOCOL Holdings chairman yesterday voiced optimism that "anyone who wants to buy diesel on this island can get it" even though "the majority" of petroleum retailers were said to have stopped sales of this fuel.
Taxi president: Cruise port call-ups will end 'hustling'
The Bahamas Taxi Cab Union's (BTCU) president yesterday voiced optimism that the new call-up protocols at the Nassau Cruise Port (NCP) will eliminate hustling by drivers for fares.
Silver Airways adds two routes to Family Islands
A US airline has added two non-stop routes to the Family Islands from Orlando this past weekend.
Craig Flowers and FML face winding-up petition
FML's ex-chief operating officer has filed a Supreme Court petition to have the web shop chain wound-up as his five-year legal battle with Craig Flowers escalates into a new phase.
Arbitration ‘key tool’ for economic benefit
Arbitration is an "important tool" that will improve The Bahamas' competitiveness, ease of doing business and slash the time and money incurred by companies in pursuing expensive court litigation, a Cabinet minister asserted yesterday.
Real estate faces greatest corporate tax burden rise
Real estate firms will experience the highest increase in their tax burden for each of the four corporate income tax options that the Government is proposing as replacements for the turnover-based Business Licence fees.
Corporate tax plan 'dead on arrival' unless wider reform
The Government's corporate income tax consultation will be "dead on arrival" if it does not involve a "holistic" approach to comprehensive Bahamian tax reform, a prominent banker warned yesterday.
Super Value president: 'Things aren't flowing'
Super Value's president says that, while profit-based taxation "would be favourable" for food retailers, the Government must first prioritise the ease of doing business because "things aren't flowing like they should".
Keep Freeport out of a 'political cess pool'
Major figures in last year's protest march to the Grand Bahama Port Authority (GBPA) have reiterated their opposition to its acquisition by the Government for fear Freeport will be dragged into "a political cess pool".
PM unveils lease-to-own Crown Land return plan
The Prime Minister has pledged to launch a lease-to-own initiative involving Crown Land to entice Cat Islanders to return home.
